China’s Midea Group to invest Rs 800 crore for Pune plant for making appliances

Placing India high in its scheme of things, Chinese appliance maker Midea on Friday announced a Rs 800 crore investment to set up a manufacturing facility in Pune. The unit will have a production line for appliances such as refrigerators, washing machines and water appliance products. Spread over 43...

Read More →

Haier Now Holds 51 % Stake in Greenonetec

On 18 May 2017, Chinese-based Haier ​Group, one of the largest manufacturers of household appliances in the world, bought a 51 % stake in Austrian collector manufacturer Greenonetec, based in St Veit in southern Austria, from its sole shareholder, Robert Kanduth. Both parties share 50:50 voting...

Read More →

Haier saw a year-on-year increase of 171% in sales volume, and 232% in sales of refrigerators in Russia

Haier has seen a year-on-year rise of 171% in sales volume, and 232% in sales of refrigerators in Russia from Jan-May 2017, 5 times faster than the average of the industry, according to its latest released data on May 31, 2017. A marketing officer of Haier's refrigerators in Russia says, this...

Read More →

Bosch to expand presence in China with its new venture with China's Vanward

The operations in China of a new joint venture-involving heat technology and hot water products-will help expand the market presence of Robert Bosch GMbH in the mainland, a senior executive of the German group said on Tuesday. Bosch Thermotechnology, the European manufacturer of energy-efficient...

Read More →

Tencent Joins China's Smart-TV Race

Internet giant Tencent is testing the waters of the growing smart television industry by investing about $44 million in a company affiliated with Skyworth, China’s leading TV maker. Tencent Holdings Ltd. has bought a 7.7% stake of Shenzhen Coocaa Network Technology Co. Ltd., the third-largest smart...

Read More →
First | Previous | Next | Last Current:1 [1] [2] [3] [4] [5] [6] [7] [8] [9] ...